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Durham City

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I've written before about how I saw a maisonette in Durham city reduced from £179k to £159k in a single step, but there seems to be more evidence of the same.

I did a window shop of a few estate agents yesterday, and found that typically 1/3 to 1/2 of all the adverts in the windows had had their prices altered. It was only possible on a few to see what the original price was, but they all looked like they'd been reduced.

When I got home, I did a bit of house hunting on the net and found a few 3 and 2 bed semis for under £200k. These were pretty central, and that's a shockingly low price for Durham (to me, anyway!). It also explains why the Barratt estate where I rent isn't shifting its shoebox homes when the asking price is £300k.

I even found some properties in the heart of student rental land for similar prices (£200k)- houses on streets where I've seen other property (admittedly in better condition) going for £300k - £400k.

Durham's a weird property market at the best of times, but prices are definitely starting to drop here.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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